Common use of SOLE BENEFICIARY Clause in Contracts

SOLE BENEFICIARY. The Borrower is the sole beneficiary of each Negotiable Instruments and such Negotiable Instruments can be freely discounted/assigned by the Borrower, no consent or formalities from the issuer or drawee being required in this respect.

SOLE BENEFICIARY. The Borrower is the sole beneficiary of each Negotiable Instruments and such Negotiable Instruments can be freely discounted/forfeited / assigned by the Borrower, no consent or formalities from the issuer or drawee being required in this respect.

SOLE BENEFICIARY. The Borrower is the sole beneficiary of each Negotiable Instruments and such Negotiable Instruments can be freely discounted/assigned forfeited /assigned by the Borrower, no consent or formalities from the issuer or drawee being required in this respect.

SOLE BENEFICIARY. The Borrower is the sole beneficiary of each Negotiable Instruments and such Negotiable Instruments can be freely discounted/discounted / assigned by the Borrower, no consent or formalities from the issuer or drawee being required in this respect.